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10671 Burton Street, Riverside, CA 92505
3
beds
2
baths
3300
ft2
· 7405
ft2 lot
$799,999
$242 / ft2
Listing provided courtesy of Ryan Robson, U.S. Real Estate Services, Inc.
Source CRMLS.
INVESTORS DREAM PROPERTY! LOCATION, LOCATION, LOCATION!! 100% Occupied Riverside Fourplex. All tenants are currently paying full rent and are on month to month rental agreements. This will allow a buyer the flexibility to increase rents in the near future if they wish. This property is located within 1 mile of both the Tyler Galleria and Kaiser hospital. This property is a four unit property with two 2 bd. 1 ba. units on the ground floor, and at the rear of the property are two 1 bd. 1 ba. units upstairs. Each unit comes with a single car attached garage which is located in the rear of the property. A vehicle can also be parked directly in the back of tenants' assigned garage for additional parking. The garages are in an alley that is gated by the River Glen Apartments. The new owners can join the River Glen Apartments Association for a dollar amount that is up to the association. This would allow your tenants to be able to use the River Glen Apartments swimming pool, bringing even more value to your units. Tenants are responsible for their own gas, electric. The owner pays for common area electric and water. A washer and Dryer are in the garage and are coin operated and owned by an outside vendor. This would be an additional income stream for the new owner if they wanted to operate this on their own in the future. Recent upgrades include a brand new roof, newly painted fascia board. Bring your investors!! Listing agent is related to sellers.
HOA
$0/month
On market
2 months
Year built
1965
Property type
Multi-Family
Parking
4
MLS
OC21040446
Price / Sq.Ft.
$242 / ft2
Status
Active Under Contract
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$2,780
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: In Garage
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 3300.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Direct Garage Access, Garage Faces Rear, Garage - Single Door, Gated, See Remarks
•   
Garage Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: R3
•   
Roof: Composition, See Remarks
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Estimated
Lot Info
•   
Lot Features: Level with Street
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1700
•   
Lot Size Area: 7405.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Natural Gas Connected, See Remarks, Sewer Connected
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public, See Remarks
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Buyer to Verify
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 52800.00
•   
Water Sewer Expense: 840.00
•   
Licenses Expense: 150.00
•   
Maintenance Expense: 700.00
•   
Total Actual Rent: 4400.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 9444.00
•   
Insurance Expense: 2000.00
•   
Total Expenses: 13494.00
•   
Gross Scheduled Income: 52800.00
•   
Operating Expense: 13494.00
Tax/Assessment Info
•   
Gross Income: 52800.00
•   
Tax Year: 2020
•   
Taxes: 2716.0
Lease Info
•   
Net Operating Income: 39306.00
Listing Info
•   
Status: Active Under Contract
Other
•   
Electric Expense: 360.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1000.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 2
•   
Has Attached Garage
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 2.00
•   
Unit 2 Total Rent: 2000.00
Multi Unit Information
•   
Number Wall Ac: 4
•   
# Of Units: 2
•   
Number Of Units Leased: 4
•   
Number With Disposal: 4
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 2
•   
Has Attached Garage
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1200.00
•   
Unit 1 Total Rent: 2400.00
School Neighborhood & Directions
Location
•   
Community Features: Street Lights
School Info
•   
Directions: Magnolia and Polk
Other
Calculation
•   
Dom: 8
•   
Cdom: 8
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 15, 2021 7:00am
Neighborhood snapshot
40
Properties for sale
6.5
Median days on market
$286.25
Median sold price/sqft
101.95%
Sold/List %
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Property History
02/26/2021
02/26/2021
CRMLS #OC21040446
active
CRMLS #OC21040446
$799,999
+339.56%
06/04/2009
06/04/2009
Public Record
sold
Public Record
$182,000
--66.70%
11/11/2008
11/11/2008
Public Record
sold
Public Record
$546,579
+180.30%
01/01/2001
01/01/2001
Public Record
sold
Public Record
$195,000
+32.65%
09/14/1998
09/14/1998
Public Record
sold
Public Record
$147,000
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